Cheapest and Best Homeowners Insurance in Ohio as Rated by Customers in 2022
You probably don't want to think about the potential need to file one or more homeowners insurance claims throughout your time as a homeowner, but it can happen! From storm damage to theft or vandalism, there are many things that may cause you to file a claim. In the event something happens, don't you want to feel confident you've protected your home with one of the best Ohio homeowners insurance companies?
To help you be more confident in your insurer, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best Ohio home insurance companies and coverages. In the table above, you can sort through every homeowner's insurance company ranked on Clearsurance that sells in Ohio. Next to each insurer, you'll find the company's rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the best Ohio homeowners insurance rankings.
It is important to know as much as you can about your homeowners insurance company before deciding to take out a policy with them. You should know how they treat their customers, and what coverage they offer. Talking to a licensed insurance agent can help you make sure that you are making the right decision on your homeowners insurance company. Make sure to ask your insurance agents questions such as, "what is the average cost for a homeowners policy?" "what does the average homeowners insurance policy cover?" and "what are the policy limits?" By asking questions, you ensure that you know what coverage you are getting before signing a contract.
If you're looking for additional information on one of the best homeowners insurance companies in Ohio, you can visit the company's profile page where you'll learn about the company, additional coverages, and potential discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company.
On this page:
- Best homeowners insurance rates in Ohio for a $200K dwelling
- Best homeowners insurance rates in Ohio for a $400K dwelling
- Ohio crime statistics
- Ohio disaster statistics
Of the five most popular homeowners insurance companies in Ohio, Cincinnati Insurance Company offers the cheapest rates for a $200K Ohio home, on average. Use the table below, compare average home insurance rates and coverages in Ohio for five different companies for a $200K home.
|Company||Average rates for $200K dwelling|
|Cincinnati Insurance Company||$580|
|State Farm Insurance Company||$922|
These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Ohio will differ. Rate data is provided by Quadrant Information Services.
While Cincinnati Insurance Company offers the cheapest average home insurance rates for a $200K home in Ohio, Allstate offers the cheapest rates in Ohio for a $400K home, on average. Use the table below, see the average home insurance rates in Ohio for Allstate, Cincinnati Insurance, Nationwide, Safeco, and State Farm.
|Company||Average rates for $400K dwelling|
|Cincinnati Insurance Company||$1,087|
|State Farm Insurance Company||$1,451|
These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Ohio will differ. Rate data for coverages are provided by Quadrant Information Services.
Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. What are the chances that your property will suffer damages in this way? How does crime in Ohio compare to other states around the country? The FBI published the following statistics on crime in Ohio for 2016:
- Property crime - 299,357
- Burglary - 66,883
- Larceny theft - 212,807
When compared to the national average rate per 100,000 inhabitants, all three crime statistics for Ohio rank above the national average.
Weather-related incidents are typically among the costliest homeowners claims. It is also a risk to your property that you have little control of. It's hard to predict whether or not you'll encounter flood damage or earthquake damage. Checking statistics can help you get a rough idea of how often disaster strikes a certain area. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Ohio federally declared disasters since 1953:
- Severe storm - 24
- Flood - 15
- Tornado - 6
- Snow - 4
- Hurricane - 2
- Mud/Landslide - 1
It is important to understand what all is covered in your homeowners policy. Ask your insurance agent if you are protected against natural disasters. If you are not, consider adding on additional coverage such as flood insurance, hail damage protection, and earthquake insurance.
How are homeowners insurance rates calculated in Ohio?
Ever wonder why you pay what you do for Ohio homeowners insurance policies? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners' coverages may not be as obvious. Here's a list of some of the things providers consider when quoting you a rate:
- The level of coverage required
- The size of your mortgage
- Your credit score
- The square footage of your home
- The geographic location of your home in Ohio
- The condition of your home
- The age of your home
- The proximity of your home to a fire station
- Your previous claims record
- The amount of your deductible
- Optional add-ons like umbrella insurance
Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.
Ohio homeowners pay less than the national average cost of homeowners insurance. Even though the chances for storm damage are relatively high in Ohio, the state is not exposed to the same risks (for example, catastrophic hurricane damage) as many other areas in the US. In addition, the cost of repairs and rebuilding may be lower compared to other parts of the country, due to the low cost of living.
Homeowners in Ohio should be familiar with the most common types of losses to decide what optional coverage to choose. Even though the state faces less risk for property loss, there are some risks you want to consider when purchasing home insurance. Common causes of loss in Ohio include: tornadoes, winter storms, flooding. Apart from the standard coverage (dwelling coverage, personal property coverage, liability coverage, medical payments coverage and additional living expenses), additional coverage options include: wind coverage, weight of ice and snow coverage, and flood insurance.
Talking to an insurance agent might help you decide which coverage options are the most appropriate for your situation.
How does Clearsurance rate and rank the best homeowners insurance companies in Ohio?
Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:
Price Customer Service Claim service Likelihood to renew
The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.
The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.
What is a good homeowners insurance guide?
Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best Ohio homeowners insurance companies. Beyond just picking a company, it's crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? Did you know that there are usually 16 types of perils found in a homeowners insurance policy?
At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!
Frequently Asked Questions
Who offers the best homeowners insurance rates in Ohio for a $200K home?
Of the five most popular homeowners insurance companies in Ohio, Cincinnati Insurance Company offers the cheapest homeowners insurance rates for a $200K Ohio home, on average.
Who offers the best homeowners insurance rates in Ohio for a $400K home?
While Cincinnati Insurance Company offers the cheapest average home insurance rates for a $200K home in Ohio, Allstate offers the cheapest rates in Ohio for a $400K home, on average.